Existing single-family home sales in California totaled 253,010 in September on a seasonally adjusted annualized rate, down 3.4% from 262,050 in August. According to the California Association of Realtors (CAR), this marked the lowest level of sales in nine months. On...
Single-family housing starts in September were at a rate of 1.02 million, according to new data from the US Census Bureau and the Department of Housing and Urban Development. This is 2.7% above the revised August figure of 1 million. Privately-owned housing starts in...
Christopher Todd Capital, the Arizona-based privately held family office that owns Christopher Todd Communities, has closed escrow on its first Texas build-to-rent acquisition. The company purchased The Cottage Green in Conroe, a recently completed 314-home community...
Mortgage rates continued to rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17, up from last week when it averaged 6.32%. A year ago at this time, it averaged 7.63%....
Builder sentiment inched up for a second consecutive month despite a housing market that is still saddled with affordability challenges, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder confidence in the...
Homeowners earned a 55.6% profit margin on typical single-family home and condo sales during the third quarter, according to new data from ATTOM. This represented a one percentage point dip from the second quarter and a two point-drop from the third quarter of last...
Hits and Misses for the Real Estate Week of June 29-July 3
